Target Stock Up More Than 30% in 6 Months: Is It Too Late to Buy TGT?

Target Corporation TGT has experienced a remarkable surge in its share price over the past six months. The stock has rallied 34.4% against the Zacks Retail-Discount Stores industry's 5.4% decline. Target has also comfortably outperformed the broader Retail and Wholesale sector and the S&P 500 Index, which posted respective gains of 0.7% and 14.2%. TGT has outpaced key retail peers, Walmart Inc. WMT and Dollar General Corporation DG. Shares of Walmart and Dollar General have declined 11.9% and 2.9%, respectively, over the same period. Target's impressive rally has been supported by improving business trends.